215 South Pacific Avenue
215 South Pacific Avenue
$1,049,000
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Description
Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential...Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. Located in midtown Ventura this property offers residents easy access to dining and shopping, parks, hiking trails, schools, 2 local hospitals plus boating and other ocean related recreation opportunities. With completed ADU unit and property full stabilized potential monthly rents over $10k/MO. The current price reflects the work and upside that can be achieved at this property. The combination of approved plans and vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only, 2 vacant units in need of signicant repairs.
- Listed by Nicholas Henry • DRE #01748131 • Beachside Partners
- Listed by Jason Liehr • DRE #02152826 • Beachside Partners
Property Details for 215 South Pacific Avenue
Architectural Style
Cottage
Subdivision NameVentura: Other
Garage Spaces3.00
ViewNone
Location
LISTING UPDATED: 04/30/2024 11:32 PM
Property Details for 215 South Pacific Avenue
Status | Active |
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MLS # | V1-23164 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.17 AC / 7,500 SF |
County | Ventura County |
Location
Building Information for 215 South Pacific Avenue
Stories-Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,500 SF
Payment Calculator
$6,687 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 215 South Pacific Avenue
Property History for 215 South Pacific Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 215 South Pacific Avenue
Taxable ValueLand$729,300Additions$311,100Total$1,040,400
Tax Record2023$11,541 ($962 / month)
Home Facts
Total Finished SqFt1,977 SqFtAbove Grade Finished SqFt1,977 SqFtLot Size7,500 SqFtStyleTriplexYear Built1940ZoningR3-5CountyVENTURAAPN073-0-213-060
Schools near 215 South Pacific Avenue
This home is within Ventura Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Cabrillo Middle School Public6 to 8 | ||
Ventura High School Public9 to 12 | ||
Homestead (Alternative) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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